LONDON, Aug 12 (Reuters) - European shares extended the
week's sell-off on Wednesday after China allowed the yuan to
weaken further, hitting export-focused stocks for a second
straight day.

China is the second-biggest buyer of EU goods after the
United States and its surprise devaluation this week has heaped
market pressure on European makers of cars, luxury goods and
consumer products.

The pan-European FTSEurofirst 300 index was down
2.7 percent at 1447 GMT, while the euro zone's blue-chip Euro
STOXX 50 index was down more than 3 percent, set for
its second-worst daily performance since January.
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